Reasons why high skilled workers migrate to Australia to work (climate, environment, education, income and country stability) porter diamond model
Can you explain IT industry of Australian migrant workers as a porter diamond model
And also Education industry in Australian
1. Firm Strategy, Structure and Rivalry= refers to the basic fact that competition leads to businesses finding ways to increase production and to the development of technological innovations.
2. Demand Conditions= refer to the size and nature of the customer base for products, which also drives innovation and product improvement.
3. Factor Conditions= elements that Porter believes a country's economy can create for itself, such as a large pool of skilled labor, technological innovation, infrastructure and capital.
4. Related Supporting Industries= refers to upstream and downstream industries that facilitate innovation through exchanging ideas.
5. Chance= events as the ones that have little to do with circumstances in a nation and are largely outside of the control of firms. Events could be significant shifts in exchange rates, wars or decisions taken by foreign governments.
6. Government= acts as a catalyst and challenger.